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FINANCIAL SERVICES REFORM

Financial planning

Federal Government moves to cut the compliance burden on the financial planning industry could backfire, creating more questions than answers for advisers....

Financial planning

The financial services industry has been forced to shell out over $200 million to bring its workers up to speed with the educational qualifications required under the Fed...

Financial planning

Abstract Long...

Editorial

Few financial products have a greater potential to tug at Australians’ emotions than reverse mortgages, according to Kieren Dell, executive director of the Senior Austral...

Financial planning

Financial planners who give advice to clients without taking a fee would be excused from rigorous disclosure requirements, including having to supply statements of advice...

Financial planning

“Broad-brush” critics of the financial planning industry have had their disapproval blunted by a new survey, which found a growing number of consumers believe the quality...

Financial planning

Requests for mercy to the corporate regulator from those who have broken Financial Services Reform laws are on the sharp decline, but the proportion let off the hook by t...

Financial planning

In the first six months of 2005 there has been a 6 per cent increase in the number of financial planners in the industry, according to a new study....

Funds management

The Australian funds management industry is continuing to experience good growth, but fund managers are going to have to do more to win the trust of investors, according ...

Financial planning

There is a degree of confusion by some practitioners in the financial planning and accountancy fields as to the ability of an accountant to give advice to a client of the...

Financial planning

By world standards, ASIC keeps advisers on a very short leash. But across the Tasman, financial intermediaries are subject to fewer restrictions. Late last year, New Zeal...

Financial planning

It’s taken nearly five years, in which time it’s been dwarfed as a financial services issue in Australia by the launch of the Financial Services Reform Act, but a global ...

Financial planning

The recent ruling by the Australian Taxation Office allowing financial planners to give tax advice has blurred the roles of accountants and advisers even further. In the ...

Life/Risk

The corporate regulator has released a consultation paper detailing proposals to allow general insurers to operate without a licence and in a separate initiative, has pro...

Financial planning

The introduction of the Financial Services Reform Act has had a major impact on practice profitability – especially for smaller businesses that do not have the scale to e...

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MARKET INSIGHTS

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It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

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So we are now underwriting criminal scams?...

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After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

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WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

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As the deadline approaches for advisers to meet higher education requirements, the FAAA has shared an “obscure” loophole to help advisers avoid redoing a professional yea...

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